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    This file photo taken on May 11, 2017 shows Saudi Prince Alwaleed bin Talal speaking during a press conference in the Red Sea city of Jeddah. Shares of arrested Saudi billionaire Prince Al-Waleed's Kingdom Holding slide 9.9% on November 5, 2017

    Gilded Cages: Billionaire bin Talal, 10 Other Princes Arrested in Saudi Arabia

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    Saudi Arabia's anti-corruption committee, which was recently established by King Salman bin Abdulaziz Al Saud, is targeting members of the royal family.

    At least 11 Saudi princes, four incumbent ministers of the Saudi government and dozens of former government ministers have been arrested, according to Al Arabiya.

    The news network quoted unnamed sources as saying that well-known billionaire investor Prince Alwaleed bin Talal was among  those who have been detained in connection with newly-opened corruption probes.

    Earlier, the anti-corruption committee announced the relaunching of a probe into the devastating floods that claimed the lives of more than 120 people in the Saudi city of Jeddah in 2009.

    READ MORE: Saudi Arabia Crown Prince Speaks in Favor of Returning to 'Moderate Islam'

    The investigation wrapped up in December 2014, with the Saudi court finding about 45 people guilty, including senior officials, on charges of bribery, the misuse of power and money laundering.

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    princes, committee, billionaire, government, corruption, Saudi Arabia
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